#CryptoFees101

Crypto fees are charges users pay to process transactions on a blockchain network. These fees compensate miners or validators who verify and add transactions to the blockchain. The amount varies by network, demand, and transaction size. For example, Ethereum often has higher fees during peak usage, while others like Solana offer lower costs. Some platforms also charge service or withdrawal fees. In decentralized finance (DeFi), fees help fund protocols and incentivize liquidity providers. Understanding crypto fees is crucial for efficient and cost-effective trading, investing, or transferring assets. Users can optimize costs by choosing the right network and timing their transactions wisely.